Honest question: why do you think it's a Ponzi scheme? In the energy sector, when a well doesn't perform well enough to cover its costs, exploration companies t

Honest question: why do you think it's a Ponzi scheme? In the energy sector, when a well doesn't perform well enough to cover its costs, exploration companies try to get more money from their investors to drill another well that will "totally put them back in the black". I don't see this kind of dynamic in BTC. Full disclosure: I don't own any crypto myself, I'm just "crypto-curious".